PagSeguro is a
financial services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...
and
digital payments company based in
São Paulo
São Paulo (, ; Portuguese for 'Saint Paul') is the most populous city in Brazil, and is the capital of the state of São Paulo, the most populous and wealthiest Brazilian state, located in the country's Southeast Region. Listed by the GaWC a ...
, Brazil and incorporated
in the
Grand Cayman
Grand Cayman is the largest of the three Cayman Islands and the location of the territory's capital, George Town. In relation to the other two Cayman Islands, it is approximately 75 miles (121 km) southwest of Little Cayman and 90 miles ( ...
, Cayman Islands. Founded in 2006, the company primarily offers payment processing software for
e-commerce
E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manageme ...
websites and mobile applications, and point of sale terminals. It has been traded as a public company on the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...
since January 2018 with the ticker symbol PAGS.
PagSeguro is part of
Universo Online
Universo Online (Portuguese for "Online Universe") (known by the acronym UOL) is a Brazilian web content, products and services company. It belongs to Grupo Folha enterprise.
In 2012, UOL was the fifth most visited website in Brazil, below only ...
(UOL group), which, according to Ibope
Nielsen Online
Nielsen Holdings plc is an American information, data and market measurement firm. Nielsen operates in over 100 countries and employs approximately 44,000 people worldwide.
The company was listed on the New York Stock Exchange (NYSE) and use ...
, is Brazil's largest Internet portal, with more than 50 million unique visitors and 6.7 billion page views every month.
In 2015, it was recognized as the "Best Payment Method" by the ''Congresso Afiliados Brasil'' (Brazil Affiliates Congress).
History
In 2006, UOL formed PagSeguro to be the company's financial services platform. In January of the following year, UOL acquired BrPay, a Brazilian electronic payment company that was incorporated into PagSeguro 6 months later.
In November 2008, PagSeguro was elected the best website of the year in the Electronic Commerce category by
Info Exame readers.
Also in 2008, it received the INFO Award, held by
Editora Abril
Editora Abril is a major Brazilian publisher and printing company and one of the biggest media holdings in Latin America. The company was founded in 1950 by Victor Civita in São Paulo and is now part of Grupo Abril.
Civita had initially founded h ...
, in the same category: Electronic Commerce.
By 2010, PagSeguro had more than 12 million registered users.
In 2012, it partnered with Horus, an electronic payment means fraud prevention company.
In 2012, it partnered with
Nokia
Nokia Corporation (natively Nokia Oyj, referred to as Nokia) is a Finnish multinational corporation, multinational telecommunications industry, telecommunications, technology company, information technology, and consumer electronics corporatio ...
to process payments via
Near Field Communication
Near-field communication (NFC) is a set of communication protocols that enables communication between two electronic devices over a distance of 4 cm (1 in) or less. NFC offers a low-speed connection through a simple setup that can be u ...
(NFC), a technology that enables the safe data transmission by approaching two cell phones. PagSeguro was the first company to implement NFC technology in Brazil.
In 2013, PagSeguro launched the MINI reader, a credit and debit card reader designed to enable payments via mobile applications. In that same year, it partnered with ''Cartão Mais!'' and iPAGARE Magento. Retailers that have a Magento store with the iPAGARE technology can use PagSeguro at checkout.
PagSeguro received the PCI-DSS (Payment Card Industry Data Security Standards) certification in 2013.
Operations
PagSeguro is an e-commerce company that intermediates payment between sellers and buyers by offering a billing option via email for traders who do not have a site or a well-structured e-commerce and it has agreements with several banking institutions so that sellers can offer buyers different payment methods. These banking institutions receive the payment and transfer it to the seller after making sure that there was no fraud in the operation. The service offers over 25 payment methods.
For purchases in which the customer neither receives the product, nor does it as agreed, a dispute (claim) can be started. PagSeguro mediates the dispute, in order to help the buyer to receive either the product or the money back, as well as to help the seller to have the transaction value refunded or to return it to the buyer.
In May 2016, PagSeguro launched the Split Payment, a tool that acts on transactions commissioning models. The tool was released in VTEX Day, the largest multi-channel retail event in
Latin America
Latin America or
* french: Amérique Latine, link=no
* ht, Amerik Latin, link=no
* pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived f ...
, in which PagSeguro was also the master sponsor.
Machines and readers
PagSeguro launched the credit card reader for credit sales with up to 12 installments, in 2013.
In September 2014, it launched the Debit and Credit Reader MINI, a card reader designed for small businesses.
At the end of that year, it launched ''Moderninha'', a machine for card operations, which does not request a cell phone and comes with a chip and an internet data plan included.
In June 2016, PagSeguro launched "Moderninha Wifi" and in October of that year, it launched the "Moderninha Pro".
Cards
In August 2015 the company released a prepaid card with focus on the microentrepreneur, with chip and under
MasterCard brand.
See also
*
Universo Online
Universo Online (Portuguese for "Online Universe") (known by the acronym UOL) is a Brazilian web content, products and services company. It belongs to Grupo Folha enterprise.
In 2012, UOL was the fifth most visited website in Brazil, below only ...
References
{{Authority control
Financial services companies of Brazil
Grupo Folha
2018 initial public offerings
Companies listed on the New York Stock Exchange